Snapshot: Key index stymied by winter weather


Markets headed lower in the wake of an unexpectedly steep decline in consumer confidence this month, due largely to cold weather and winter storms that hit much of the country. Macy’s reported an 11 percent rise in fourth-quarter income, but sales came up short due to the weather. The retailer said that at one time in January, 30 percent of its stores were closed because of bad weather. The Conference Board’s consumer index fell to 78.1 in February from 80.7 the month before. And economic data for the next few weeks are likely to be a wash, as most of the figures would have been affected by the cold weather, analysts fear.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of